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Elan Has Returned 11.8% Since SmarTrend Recommendation (ELN)

Nov 16, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for Elan (NYSE:ELN) on July 24th, 2012 at $11.74. In approximately 4 months, Elan has returned 11.84% as of today's recent price of $10.35.

Over the past year, Elan has traded in a range of $9.82 to $15.27 and is now at $10.35, 5% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.3%.

Elan Corporation plc is a specialty pharmaceutical company. The Group's drug delivery technologies are designed to aid and control the absorption and utilization of active pharmaceutical compounds. Elan's Pharmaceutical division focuses on the discovery, development and commercialization of products in the areas of acute care, pain management, infectious diseases and neurology.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Elan.

Log in and add Elan (ELN) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com
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